FBR amends requirement of cash withdrawal information by banks

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued new instructions to banks regarding providing details of cash withdrawal by filers and non-filers. Read more »

Sales Tax Act 1990: requirement of issuing tax invoice

KARACHI: A person making taxable supplies is required to issue serially numbered tax invoice at the time of making supply of goods. Read more »

Sales tax auditors form association against FBR’s unfair treatment

KARACHI: The officers of Sales Tax have formed an association to voice against biased treatment of Federal Board of Revenue (FBR). Read more »

FBR promotes 114 inspectors to BS-16 Revenue Officers

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified promotion of 114 inspectors of Inland Revenue and Assistant Private Secretaries to the post of Revenue Officers (BS-16) on regular basis with immediate... Read more »

FBR issues procedure for obtaining NTN, company registration

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for getting National Tax Number (NTN) and registration with Securities and Exchange Commission of Pakistan (SECP) through Virtual One Stop Shop (VOSS). Read more »

Cabinet to approve money whitening amnesty scheme today

ISLAMABAD: The federal cabinet may consider and approve the new amnesty scheme today which is meant for whitening the ill-gotten money. Read more »

Sales Tax Act 1990: maintaining record for taxable supplies

KARACHI: A person making taxable supplies is required to maintain record of goods and keep at his office for scrutiny by tax officials. Read more »

FBR issues procedure for making payment through internet, ATM, mobile banking

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for payment of duty and taxes through alternate delivery channels (ADC) including internet banking, ATM and mobile banking. Read more »

Sales Tax Act 1990: Invoice issued by suspended taxpayers not to be entertained for refund, input adjustment

KARACHI: Any invoice issued by a person, who is suspended or black listed by tax authorities, may not be acceptable for refund claim or input adjustment by another registered person. Read more »

Procedure to get WeBOC registration for online customs access

KARACHI: Federal Board of Revenue (FBR) has issued procedure to get registration for WeBOC in order to access the Customs online system for consignment clearance. Read more »

FBR suspends zero rating on electricity to textile unit

ISLAMABAD: Federal Board of Revenue (FBR) has suspended sales tax zero rating allowed to a textile unit on consumption of electricity. Read more »

FBR may redefine motor vehicle for withholding tax collection

KARACHI: Federal Board of Revenue (FBR) to recommend the government to redefine withholding tax on motor vehicles to bring construction and heavy vehicles into tax net. Read more »